Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Salt Lake City might be more expensive than living in rural Utah, there are certain neighborhoods that are definitely cheaper.
What exactly are those Salt Lake City neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Salt Lake City are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Salt Lake City for 2024? According to the most recent census data, Rose Park looks to be the cheapest Salt Lake City neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Salt Lake City. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Salt Lake City that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Salt Lake City.
For more Utah reading, check out:
- Best Places To Live In Utah
- Cheapest Places To Live In Utah
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Salt Lake City For 2024
/10
Population: 11,433
Cost Of Living Index: 93 (2nd cheapest)
Home Value To Income Ratio: 3.4 (cheapest)
Rent To Income Ratio: 0.015 (7th cheapest)
More on Rose Park: Data | Real Estate
/10
Population: 7,257
Cost Of Living Index: 98 (5th cheapest)
Home Value To Income Ratio: 3.8 (3rd cheapest)
Rent To Income Ratio: 0.018 (10th cheapest)
More on Westpointe: Data | Real Estate
/10
Population: 14,606
Cost Of Living Index: 98 (5th cheapest)
Home Value To Income Ratio: 3.5 (2nd cheapest)
Rent To Income Ratio: 0.02 (15th cheapest)
More on Glendale: Data | Real Estate
/10
Population: 15,850
Cost Of Living Index: 93 (2nd cheapest)
Home Value To Income Ratio: 4.0 (4th cheapest)
Rent To Income Ratio: 0.021 (16th cheapest)
More on Poplar Grove: Data | Real Estate
/10
Population: 17,539
Cost Of Living Index: 129 (15th cheapest)
Home Value To Income Ratio: 4.4 (7th cheapest)
Rent To Income Ratio: 0.012 (2nd cheapest)
More on Greater Avenues: Data | Real Estate
/10
Population: 33,395
Cost Of Living Index: 117 (13th cheapest)
Home Value To Income Ratio: 4.4 (6th cheapest)
Rent To Income Ratio: 0.015 (6th cheapest)
More on Sugar House: Data | Real Estate
/10
Population: 3,455
Cost Of Living Index: 132 (18th cheapest)
Home Value To Income Ratio: 4.3 (5th cheapest)
Rent To Income Ratio: 0.012 (3rd cheapest)
More on Wasatch Hollow: Data | Real Estate
/10
Population: 3,074
Cost Of Living Index: 105 (9th cheapest)
Home Value To Income Ratio: 4.6 (9th cheapest)
Rent To Income Ratio: 0.016 (8th cheapest)
More on Central City-Liberty Welss: Data | Real Estate
/10
Population: 8,450
Cost Of Living Index: 103 (8th cheapest)
Home Value To Income Ratio: 4.9 (10th cheapest)
Rent To Income Ratio: 0.018 (9th cheapest)
More on Liberty Wells: Data | Real Estate
/10
Population: 6,714
Cost Of Living Index: 93 (2nd cheapest)
Home Value To Income Ratio: 4.5 (8th cheapest)
Rent To Income Ratio: 0.026 (19th cheapest)
More on Fairpark: Data | Real Estate
Methodology: How We Determined The Cheapest Salt Lake City Hoods In 2024
To rank the cheapest places to live in Salt Lake City, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 19 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Salt Lake City.” We’re lookin’ at you, Rose Park.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Salt Lake City. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Salt Lake City
If you’re measuring the neighborhoods in Salt Lake City where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Salt Lake City are Rose Park, Westpointe, Glendale, Poplar Grove, Greater Avenues, Sugar House, Wasatch Hollow, Central City-Liberty Welss, Liberty Wells, and Fairpark.
As mentioned earlier, the neighborhoods in Salt Lake City aren’t all cheap. East Central takes the title of the most expensive neighborhood to live in Salt Lake City.
The most expensive neighborhoods in Salt Lake City are East Central, Downtown, Capitol Hill, Arcadia Heights, and Bonneville Hills.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Utah reading, check out:
- Most Dangerous Cities In Utah
- Richest Cities In Utah
- Safest Places In Utah
- Worst Places To Live In Utah
Detailed List Of The Cheapest Neighborhoods To Live In Salt Lake City For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Rose Park | 93 |
| 2 | Westpointe | 98 |
| 3 | Glendale | 98 |
| 4 | Poplar Grove | 93 |
| 5 | Greater Avenues | 129 |
| 6 | Sugar House | 117 |
| 7 | Wasatch Hollow | 132 |
| 8 | Central City-Liberty Welss | 105 |
| 9 | Liberty Wells | 103 |
| 10 | Fairpark | 93 |
| 11 | Yalecrest | 127 |
| 12 | East Bench | 132 |
| 13 | People’s Freeway | 98 |
| 14 | Central City | 102 |
| 15 | Bonneville Hills | 131 |
| 16 | Arcadia Heights | 143 |
| 17 | Capitol Hill | 107 |
| 18 | Downtown | 107 |
| 19 | East Central | 113 |